2023-06-18 22:55:42
Present at the 30th general meetings of Afreximbank, which are being held in Accra, the Nigerian Aliko Dangote weaved laurels to the institution. “Afreximbank practices and understands business and supports the rise of African entrepreneurs,” said the man who is the richest man in Africa for the twentieth consecutive year. Afreximbank played a leading role in providing Dangote with a $650 million loan in 2018 that enabled it to start up its $19 billion mega refinery. With the Dangote refinery, Nigeria hopes to achieve self-sufficiency in petroleum products and join Algeria and Libya on the podium. “There are 54 countries in Africa, more than 20 produce oil and five of these countries are among the 30 oil producing countries in the world. However, only two countries in Africa do not import oil,” Dangote recalled.
For the Nigerian mania, the path to African prosperity is through transformation. “We are importing poverty and exporting jobs,” he chanted, raising applause from the audience. And to call for the lifting of non-tariff barriers and obstacles to trade, taking the example of visas between African countries.
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